Consumer Fuel Costs Relief Act

This bill would set the federal excise tax rates on gasoline, diesel, and other taxable motor and aviation fuels under section 4081(a)(2)(A) to zero from the date it becomes law until October 1, 2027. During that period, the Leaking Underground Storage Tank Trust Fund tax would also not apply to that fuel. The Treasury would move money from the general fund to the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund to replace the lost tax revenue. The bill states it is Congress's policy that fuel sellers and airlines pass the tax savings on to consumers, and it directs the Treasury, the Federal Trade Commission, and the Commodity Futures Trading Commission to use their existing authorities to see that consumers get the savings and to monitor fuel markets for price gouging and manipulation.

Full text and official record on Congress.gov

Sponsors

• Chris Pappas Democrat sponsor
• 0 cosponsors